Adequate infrastructure is vital for economies everywhere. Whether in terms of supporting and expanding
existing economic activity or enticing new activity, successful economic evelopment depends on a strong
infrastructure. Infrastructure can refer to many factors, but perhaps the most critical is an economy’s transportation
system. Investments in transportation enhance an economy’s stock of infrastructure, and such
actions are necessary for economic development and economic growth.
Over the long-term, the South Carolina economy benefits in many ways from SCDOT’s enhancements to the transportation network. While these benefits are difficult or impossible to quantify, the state undoubtedly benefits from SCDOT’s transportation investments in terms of the positive impacts on:
- Business costs and productivity
- Labor market access
- Economic competitiveness
- Attractiveness to new business, residents, and tourists
- Property values
- Long-term tax revenues
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